Shares of Sunrun Inc. (RUN) are rising over 6% Monday morning, after the company announced that it has increased its non-recourse warehouse lending facility to $1.8 billion in commitments, up $1 billion, while also reducing the interest cost by 50 bps to a spread of 200 bps over LIBOR.

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RTTNews | Oct 11, 2021 10:04AM EDT

10:04 Monday, October 11, 2021 (RTTNews.com) - Shares of Sunrun Inc. (RUN) are rising over 6% Monday morning, after the company announced that it has increased its non-recourse warehouse lending facility to $1.8 billion in commitments, up $1 billion, while also reducing the interest cost by 50 bps to a spread of 200 bps over LIBOR.

The stock, which has been trading between $37.42 and $100.93 in the past one year, is currently trading at $46.13, up $2.90 or 6.72%, with trading volume of over 1.55 million versus an average volume of 5.23 million shares.

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